Samsung plans to acquire CSR's handset connectivity and location development operations and technology, the companies announced today.
Under the terms of the deal, Samsung will hand over $310 million to the semiconductor company to take control over its "Handset Operations." In addition, Samsung will take on all 310 CSR employees operating in those divisions.
CSR says that Samsung will also invest $34.4 million into its operation in return for a 4.9 percent equity stake.
"I believe that under Samsung's ownership the handset operations will be in a better position to prosper in the … Read more